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man staring at wall symbolizing lack of business growth

10 Reasons You’re Not Seeing Business Growth 

By Small Business Advice

Business growth, progress, and improvement are vital to the long-term success of every business enterprise. Business growth must be a deliberate choice, fired by passion, planning, and solid effort. Did any successful business owner ever say, “Let’s stagnate to success,” or “Let’s shrink greatness?” No, not ever.  What is Business Growth  Business growth can be noted by several different measures, including increases in sales, profits, number of customers, number of employees, and company value. Not every aspect needs to increase or even increase at…

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tax refund check

Could My Small Business Get a Tax Refund? 

By Small Business Advice

For a small business owner, paying taxes can be painful and challenging, unless you make a wise move to secure the services of a professional CPA. It is important to know that the government tax option for small businesses depends on the business structure.  Types of Business Structures and Their Tax Option  When a business is started, the owner (or owners) must select a specific type of business structure. Choosing a business structure has a direct impact on whether a business will be…

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business owner valuation

What is Small Business Valuation and Why is it Useful? 

By Small Business Advice

Many small business owners from time to time and for various reasons may ask themselves, “How much is my business worth?” The answer is not found in palm reading nor in some dartboard activity. Rather, it is found in a methodical small business valuation, which is simply the process of calculating the economic value of a business.  What Are the Reasons to Do a Small Business Valuation?  A small business valuation may be undertaken to obtain a bank loan, better assess a business’s…

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cash flow concept

How to Forecast Cash Flow for Your Business 

By Uncategorized

Cash flow is simply the money that flows into and out of a business. It is critical to have positive cash flow to pay for day-to-day operating expenses, pay employees, purchase inventory, and pay taxes.   Why it is Critical to Forecast Cash Flow  Running out of cash is something that no business wants to experience, yet it is one of the major reasons for business failures. Ensuring that a business will have the cash that it needs is the…

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The Complete Guide on Preparing to Sell Your Business

By Uncategorized

Have you wondered whether it’s time to sell your business? Thousands of businesses switch ownership every year. In 2018, more than 10,000 business owners sold their companies to other people. Often, this is the right thing to do. Fresh direction allows the company to evolve in new and exciting ways. The right sale also puts a fair amount of money in the pockets of the former owner. But knowing how to navigate the business selling process is important. It can mean the…

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How to be More Productive as a Small Business Owner

By Uncategorized

Whether you’re running a brick-and-mortar business or an online store, maintaining your productivity is crucial to your overall success. A productive business owner helps instill a good attitude and overall positivity for others. When you’re looking for ways to increase your productivity, there are many ways you can go about it. Some of the simplest ways to be more productive are: Setting a Routine and Goals Running a business during its early days can be pretty hectic. You might be…

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IRS Conditions and What They Mean for Small Businesses

By IRS News

On January 12, 2022, the National Taxpayer’s Advocate Office released a report on the conditions at the IRS. The report’s findings indicate that there is a massive backlog of unprocessed forms, and a larger volume of calls than customer service representatives are able to address. What’s In the Report While the full report contains a more thorough analysis, we’ve selected a few quotes to summarize the conditions at the IRS: “As of December 18, 2021, the IRS reported it had…

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How to Create Business Goals for the New Year

By Small Business Advice

If you thought that New Year’s resolutions were just about getting fitter and healthier, then you should think again. Every January, in fact, many business people decide to set themselves some short, mid, or long-term business goals. The secret to success? It’s sticking to those business goals for the remaining 11 months of the year. This, though, is often easier said than done. Here’s how you can succeed at setting financial goals that are realistic and achievable, and that can take your…

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